Genuine
Authentic
is made on 17 January 2022
Between
(1) Instocking LLC whose registered office is at 16192 Coastal Highway, Lewes, Delaware, United States of America, 19958 (the Supplier)
(2) ________ whose registered office is at________, United States of America (the Vendor)
Whereas
The Vendor desires to sell and promote the products offered by the Supplier on its Website and agrees to give sales and/or orders relating to the Products (as defined below) to the Supplier pursuant to the terms and conditions set forth in this Agreement. These terms and conditions shall apply to all Orders for Products in response to which the Supplier provides the Products to the Customers of the Vendor to the exclusion of any other terms and conditions.
“Agreement” means any agreement made subject to the terms and conditions below;
“Address” means the address stated on each Order for delivery of the Products to the Customer;
“Business Day” means any day other than a Saturday, Sunday, or bank holiday in Delaware;
“Customer” means the customer of the Vendor placing an Order on the Website for Products of the Supplier;
“Order” means the Vendor’s customers’ purchase order to which the terms of this Agreement apply;
“Price” means the price of the Products as charged by the Supplier to the Vendor;
“Products” means the products listed in the Annexure and other products from time to time as agreed between the parties;
“Website” means the website of the Vendor with the URL at https://n95instock.com/; and
“Writing” includes facsimile, transmission, electronic mail, and comparable means of communication.
2.1 Any reference in this Agreement to a statute or a provision of a statute shall be construed as a reference to that statute or provision as amended, re-enacted, or extended at the relevant time.
2.2 The headings in this Agreement are for convenience only and shall not affect their interpretation.
2.3 Unless the context otherwise requires, any term or expression which is defined in or given a particular meaning by the Order shall have the same meaning in this Agreement but, if there is any conflict between the provisions of the Order and this Agreement, this Agreement shall prevail.
3.1 The Supplier will provide product fulfillment for all sales obtained by the Vendor in relation to the Products of the Supplier as listed in the Annexure (and other products as agreed between the Supplier and the Vendor from time to time).
3.2 The Supplier is not involved in the actual transaction between the Vendor and the Customer. The supplier is not the agent of either the Vendor or the Customer.
3.3 The Order constitutes an offer by the Vendor to purchase the Products for delivery to its Customer subject to this Agreement. Each Order will be deemed accepted by the Supplier.
3.4 Any typographical clerical or other accidental error or omission in the Order by the Customer, shall be subject to correction without any liability on the part of the Vendor.
3.5 No variation to this Agreement shall be binding unless agreed in writing between the authorized representatives of the Vendor and the Supplier.
4.1 The Supplier shall provide images of products to the Vendor to be used on its Website.
4.2 The Supplier retains all rights to all images of products provided and retains the right to prohibit the use of any and all images provided.
5.1 The Supplier will provide the Vendor with a detailed listing of all Products along with, but not limited to, the Price it will be charged for each item and any and all other charges which may be due in affiliation with each item.
5.2 Any Price list provided by the Supplier is valid for 7. No increase in the Price may be made (whether on account of increased material, labor or transport costs, fluctuation in rates of exchange, or otherwise) without the prior consent of the Vendor in writing during the period.
5.3 The Price of the Products shall be stated in the Order and, unless otherwise so stated, shall be:-
5.4 The Supplier will also provide the Vendor with recommended retail prices for the Products but the price the Reseller sells the Products to its Customers shall be left solely to the Reseller’s discretion.
5.5 The Drop Shipping Fee is 0% of Product Price ex VAT.
5.6 The Supplier shall at all times supply the Products to the Vendor at competitive prices and conditions. Should a third party offer similar products under comparable circumstances on more favorable terms and conditions than those provided by the Supplier under this Agreement, the Vendor shall be entitled to notify the Supplier that it wishes to amend the terms and conditions of this Agreement to the extent that they shall be as favorable as those offered by the third party.
5.7 Should consultation between the parties with respect to such amendments fail to result in a mutually agreed amendment of this Agreement within a period of 3 months, the Vendor shall at its sole discretion be entitled to cancel this Agreement or reduce the quantity ordered for the Products.
Time of invoice
6.1 Subject to any special terms agreed in Writing between the Vendor and the Supplier, the Supplier shall be entitled to invoice the Vendor for the price of the Products on or at any time after the date of delivery on a 1 days cycle.
Time of payment
6.2 The Vendor shall pay the price of the Products (less any discount to which the Vendor is entitled, but without any other deduction in respect of any counterclaim or by way of set-off or otherwise) in cleared funds within 3 days of the date of the Supplier’s invoice, except if the delivery has not yet taken place, in which case payment is due 3 days after the property in the Products has passed to the Customer. Receipts for payment will be issued by the Supplier upon payment.
Unpaid Sums
6.3 If any sums are unpaid by the Vendor after the due date and remain unpaid within 90 days of the Supplier calling upon the Vendor to remedy its failure to pay, the Supplier shall be entitled to terminate the Agreement or suspend any further deliveries to the Vendor or suspend the Vendor from the Supplier’s dropshipping program.
7.1 The Products shall be delivered to the address shown in the Order on the date or within business days of the Order, during the usual business hours.
7.2 Time for delivery is of the essence of the Agreement. The Products may be delivered by the Supplier in advance of the quoted delivery date.
7.3 The Products shall be marked in accordance with any applicable regulations or requirements of the carrier, and properly packed and secured so as to reach their destination in an undamaged condition in the ordinary course.
7.4 The Supplier agrees to reimburse the Vendor for any costs resulting from late delivery of Products on the Order. In addition, the Vendor may, at its sole discretion, reject, or cancel any shipment of Products which will not be delivered by the agreed-upon date of delivery.
8.1 The Supplier shall endeavor to transfer to the Customer the benefit of any warranty or guarantee given to the Vendor.
8.2 The Supplier shall maintain main quality, specification control, testing, and inspection procedures (“Procedures“) to enable the Supplier to consistently comply with its obligations under each Order and this Agreement.
8.3 The Products shall be marked in accordance with the Vendor’s instructions and any applicable regulations or requirements of the carrier, and properly packed and secured so as to reach their destination in an undamaged condition in the ordinary course.
8.4 The Supplier shall not unreasonably refuse to take any steps necessary to comply with any request by the Vendor to inspect or test the Products during manufacture, processing, or storage at the premises of the Supplier or any third party prior to despatch, and to provide the Vendor with any facilities reasonably required by the Vendor for inspection or testing.
8.5 If as a result of inspection or testing the Vendor is not satisfied that the Products will comply in all respects with the Agreement, and the Vendor so informs the Supplier within seven days of inspection or testing, the Supplier shall take such steps as are necessary to ensure compliance.
8.6 The Supplier shall comply with all applicable regulations or other legal requirements concerning the manufacture, packaging, packing, and delivery of the Products.
8.7 No inspection, testing, or approval of samples by the Vendor shall be construed as acceptance by the Vendor of the conformity of the Products with the Order, these conditions, or to any specifications supplied or agreed to by the Vendor and the Supplier shall remain fully responsible for such conformity.
8.8 The Vendor reserves the right to reject any and all Products shipped, or withhold payment of specific invoices for Products which Vendor determines, at its sole discretion, are of inferior quality or otherwise unfit for their intended use.
9.1 All Products shipped to the Customer by the Supplier are to be new and of first quality.
9.2 The Supplier will provide a 30-day return policy during which a Customer may return a Product. The Supplier agrees to reimburse the Vendor for any return of the Product, whether by Vendor or Vendor’s Customers, for any reason or no reason. The returned Products are billed back to Vendor’s account. Supplier agrees to accept Vendor’s account of how much credit is due. The supplier agrees that the Vendor does not need to have any Customer return documents to verify its account.
9.3 Without limiting the general obligations of the Supplier under this Agreement, the Supplier agrees to participate, at its own expense, in the process where the Vendor decides to carry out a recall due to defective Products provided by the Supplier. This process shall include but not be limited to:
(a) If requested by the Vendor, the Supplier shall provide a technical solution for the Products which have caused the recall or relate to the cause thereof.
(b) The parties establish a process to correct or replace all the existing stock of Products concerned whether in the factory, warehouses, or distribution networks.
9.4 If the Supplier wishes to have the returns shipped back to the Supplier, it must notify the Vendor in writing. The Customer shall not be obliged to return to the Supplier any packaging or packing materials for the return of Products.
9.5 The Vendor shall not be responsible for notifying the Supplier of the receipt or retention of returned Products. Supplier waives any right to inspect the Products prior to their disposition by Vendor. The vendor does not guarantee the condition of the returns that are shipped back. If Supplier is concerned about the manner or condition of how the returns are shipped back, Supplier shall, at Supplier’s sole expense, make whatever arrangement it deems necessary for the shipment of the returns.
9.6 The Supplier agrees to compensate the Vendor in full for all Products returned by Customers, per the above, including any Products supplied by previous vendors for the line(s) of Products listed on the Order. The supplier shall be responsible for all shipping, storage, and handling charges incurred by the Vendor for any returned Products.
9.7 Cancellation requests must be e-mailed and the response must state “Cancelled”.
10.1 Risk of damage to or loss of the Products shall pass to the Customer:
(a) in the case of Products to be picked up at the Supplier’s premises, at the time when the Products are handed to the Customer or its carrier; or
(b) in the case of Products to be delivered otherwise than at the Supplier’s premises, at the time of delivery to the Address.
10.2 The property in the Products shall pass to the Customer upon delivery unless payment for the Products has been agreed to be made prior to delivery when it shall pass to the Vendor once payment has been made and the Products have been appropriated.
11.1 The Vendor may assign the Agreement or any part of it to any person, firm, or company.
11.2 The Supplier shall not be entitled to assign the Agreement or subcontract any part of it without the prior written consent of the Vendor.
12.1 The Supplier warrants and represents that (subject to the other provisions of these conditions) upon delivery, and for a period of 60 months from the date of delivery, the Products shall:
(i) where the Supplier Is also the manufacturer of the Products, the Supplier has made all relevant inquiries and carried out all relevant searches (including, without limitation, searches of registers of trademarks, patents, and designs) to verify, and now warrants to the Vendor, that all intellectual property that has been exploited or exercised in respect of the Products (including their labeling, packaging or promotion) has been lawfully and validly so exploited, exercised or applied with the consent of the owner of the relevant Intellectual Property Rights;
(ii) where the Supplier is not the manufacturer of the Products, the Supplier has made all the inquiries with the manufacturer.
12.2 The Supplier warrants and represents to the Vendor on acceptance of each Order and at all material times that:
13.1 The Supplier shall indemnify the Vendor in full against all liability, loss, damages, costs, and expenses (including legal expenses) awarded against or incurred or paid by the Vendor as a result of or in connection with:-
14.1 All copyright, patent, trade secret, and other proprietary and intellectual property rights in the Products, and information which the Supplier may provide to the Vendor or its agents in relation to the Products, shall (as between the parties) at all times remain vested in the Supplier or the manufacturer of the Products, and the Vendor shall not acquire any intellectual property rights or license relating to the Products and may not copy or imitate the Products.
14.2 If any claim is made against the Vendor that the Products infringe (or that their use or resale infringes) the patent, copyright, design, trademark, or other industrial or intellectual property rights of any other person, the Supplier shall indemnify the Vendor against any liability incurred by the Vendor (including associated expenses reasonably incurred) in connection with the claim.
14.3 Products bearing any registered or unregistered trademarks or any other marks, brands, logos, or designs owned by or licensed to the Vendor (“Vendor Branding“) must only be sold to the Vendor’s Customers. Where Products have been rejected or not taken up by the Vendor, the Supplier must obtain the prior written consent of the Vendor to sell such Products to a third party. Consent may be given on any terms specified by the Vendor. If such consent is given, then the Supplier must remove art Vendor Branding and all references to the Vendor’s trademarks including swing tickets, tags, badges, and all other labels from those Products before they are offered for sale to a third party.
15.1 The Vendor and the Supplier agree that the term of the Agreement shall commence on its above written effective date and shall continue for as long thereafter as it is mutually agreed between Vendor and Supplier.
15.2 If the Vendor or the Supplier is not satisfied with the term of this Agreement, and the results thereof, either party may terminate this Agreement by providing thirty (30) days’ written notice to the other aforementioned party.
15.3 On termination of this Agreement for any reason:
(a) the Supplier shall fulfill all Orders obtained by the Vendor prior to the termination (subject to Clause 6); and
(b) the Vendor shall pay the Supplier on demand for all Products supplied by the Supplier to the Vendor’s customers and any related fees and charges prior to termination.
16.1 In the event that either party is prevented from fulfilling its obligations under this Agreement by reason of any supervening event beyond its control including but not limited to war, national emergency, flood, earthquake, strike, or lockout (subject to Sub-clause 16.2) the party shall not be deemed to be in breach of its obligations under this Agreement. The party shall immediately give notice of this to the other party and must take all reasonable steps to resume the performance of its obligations.
16.2 Sub-clause 16.1 shall not apply with respect to strikes and lockouts where such action has been induced by the party so incapacitated.
16.3 Each party shall be liable to pay to the other damages for any breach of this Agreement and all expenses and costs incurred by that party in enforcing its rights under this Agreement.
16.4 If and when the period of such incapacity exceeds 3 months then this Agreement shall automatically terminate unless the parties first agree otherwise in writing.
17.1 Any notice or other formal communication to be given under this Agreement shall be in writing and signed by or on behalf of the party giving it. It shall be:
(a) sent by e-mail with receipt set out in clause 17.2; or
(b) delivered by hand or sent by prepaid recorded delivery, special delivery, or registered post to the relevant address in clause 17.2
In each case, it shall be marked for the attention of the relevant party set out in clause 17.2 (or as otherwise notified from time to time under this Agreement). Any notice so served by hand, e-mail, fax, or post shall be deemed to have been duly given:
provided that in each case where delivery by hand or by fax occurs after 5 pm on a Business Day or on a day which is not a Business Day, service shall be deemed to occur at 9 am on the next following Business Day. References to time in this clause are to local time in the country of the addressee.
Address of notices
17.2 The addresses of the parties for the purpose of clause 17.1 are:
(a) Supplier:
Address:
Instocking LLC
16192 Coastal Highway
Lewes, Delaware 19958
United States
For the attention of John Lee
(b) Vendor:
Address: ___________
___________________
For the attention of PARTY_2_CONTACT
English language
17.3 All notices or formal communications under or in connection with this Agreement shall be in the English language or, if in any other language, accompanied by a translation into English. In the event of any conflict between the English text and the text in any other language, the English text shall prevail.
19.1 During the course of business between Vendor and Supplier, one party may make available confidential information concerning itself to the other party. The parties agree that the confidential information will be used solely for the purpose of conducting business between the Supplier and the Vendor. The parties must not disclose or distribute any confidential information to any competitor of the other party or to any other third party without the express written consent of the other party.
19.2 The Supplier’s confidential information includes but is not limited to inventory levels, product features, and pricing and anticipated new products, sales practices. All images of all products supplied by the Supplier, including images on the Supplier’s website are the exclusive property of the Supplier. The Vendor may use these images only in connection with the sale of the Supplier’s products and only in compliance with any policies or terms stated by the Supplier. No other use or distribution is permitted, and the Vendor may not use the Supplier’s images in connection with the sale of products from any person or entity other than the Supplier.
19.3 The Supplier retains the right to terminate Vendor’s permission to use these images at any time and for any reason. Prices and product availability are subject to change without notice. The Supplier cannot be responsible for typographical errors in the catalog. By placing an order, the Vendor accepts all Supplier’s terms and policies set forth in this Agreement.
19.4 The Vendor’s confidential information includes but is not limited to the Vendor’s financial, technological (Including designs, specifications, samples, know-how, materials, processes, and other technical information), strategic or business information (including customer details) concerning its Website and business. In particular, the parties must ensure that all electronic communications are kept secure so as to prevent unauthorized access.
19.5 The parties otherwise agree not to disclose any of the terms of these this Agreement except to the extent that:
(a) disclosure is necessary to comply with these this Agreement or any other agreement between the Supplier and the Vendor,
(b) the disclosure is required by law or rules of any stock exchange; or
(c) the information is in the public domain other than through a breach of this Agreement.
19.6 The Vendor shall treat as confidential all technical or creative know-how, information, samples, models, designs, or drawings relating to the Products or their development or creation which the Supplier may make available to it (the Confidential Information) and shall not without the prior written consent of the Supplier:
(a) exploit any part of the Confidential Information save as is reasonably necessary to enable it to use the Products; or
(b) disclose (save as requested by a court of law) any part of the Confidential Information other than to its employees [or customers (or potential customers)] who need to know the Confidential Information for the purpose of using the Products provided that:
(i) such person is made aware prior to the disclosure of the proprietary and confidential nature of the Confidential Information; and
(ii) such person owes an express duty of confidence to the Vendor.
19.7 The provisions of Clause 19 shall survive any termination of this Agreement.
19.8 Where one party believes that it is required by law to disclose any of the terms of an Order or these this Agreement or any other confidential information of the other party, the party must immediately notify the other party in writing and provide assistance as reasonably required by the other party if the other party wishes to defend or resist that requirement.
No waiver by the Vendor of any breach of the Agreement by the Supplier shall be considered as a waiver of any subsequent breach of the same or any other provision.
If any provisions of this Agreement are held by any competent authority to be invalid or unenforceable in whole or in part the validity of the other provisions of this Agreement and the remainder of the provisions in question shall not be affected thereby.
A person who is not a party to this Agreement shall have no right under this Agreement.
23.1 If any dispute, controversy, or claim between the parties arises out of or in connection with this Agreement, they shall use all reasonable endeavors to resolve the matter amicably. If one party gives the other notice that a material dispute has arisen and the parties are unable to resolve the dispute within a period of thirty (30) days of service of the notice, then the dispute shall be referred to the respective Chairmen / Chief Executives of the parties. Neither party shall resort to dispute resolution below against the other under this Agreement until thirty (30) days after the referral. This shall not affect a party’s right, where appropriate, to seek an immediate remedy for an injunction, specific performance, or similar court order to enforce the obligations of the other party.
23.2 This document is governed by and is to be construed in accordance with the laws of Delaware applicable therein.
All disputes controversy, differences,s or claims arising out of or in connection with this document, including any question regarding its existence, validity, or termination, or any dispute regarding non-contractual obligations shall be finally settled under the arbitration rules of the American Arbitration Association by one or more arbitrators appointed in accordance with the said rules. The seat of Arbitration shall be Delaware and proceedings shall be conducted in English.
23.3 All rights of interpretation of this Agreement are reserved for the supplier.
This Agreement may be executed in any number of counterparts and by the parties to it on separate counterparts, each of which shall be an original but all of which together shall constitute one and the same instrument.
As a witness, this Agreement has been executed by or on behalf of the parties the day and year first before written.
SIGNED by | ) |
for and on behalf of Instocking LLC | ) |
__________________ |
SIGNED by | ) |
for and on behalf of ______________ | ) |
__________________ |